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Latest post Thu, Aug 25 2005 9:42 AM by Polina. 4 replies.
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Polina  +  129628 Mon, 22 Aug 05 04:08 PM

hello! I would be very grateful if someone explained what this DL/C means when connected with payment: is it a form of payment or procedure or something else..?

Thank you 

Joined on Tue, Aug 2 2005
Minsk,Belarus
New Member 03
Mister Micawber  +  129966 Tue, 23 Aug 05 03:08 PM

Hello, Polina-- welcome to English Forums.

I don't know it and I cannot find it on the WWW-- could you give us a bit more context, the sentence or other text that surrounds it?


Joined on Wed, Aug 4 2004
Yokohama
Veteran Member 30,791
'The question is,' said Humpty Dumpty, 'which is to be master-- that's all.'
Polina  +  130240 Wed, 24 Aug 05 11:39 AM

Hello, Mister Micawber! Thank you for your attention to my question!

This DL/C appears in a letter of intent. It must be a condition under which the company is going to make a purchase.

Ex: Origin:   Japain; Procedure of payment: to be agreed in the contract;  Payment: DL/C

Thank you

 

Mister Micawber  +  130253 Wed, 24 Aug 05 12:37 PM

Found it, Polina!--

This is from a contract:

PAYMENT: By Irrevocable, Transferable, Divisible, Revolving Documentary Letter of Credit (DL/C), payable 100% at sight, payable and/or confirmed by Top 25 Prime World Bank to cover each month's shipment in favor of the Seller.


Polina, 4 yr 90 days ago
Thank you very much!!!
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